Allstate pegs May cat losses at $202mn

Allstate has estimated pre-tax catastrophe losses of $202mn for
May, the US insurance giant announced today (16 June).
Catastrophe losses occurring during last month comprised eight
events at an estimated cost of $259mn, pre-tax, but this was
partially offset by favourable reserve re-estimates for March and
April 2016 events.
Estimated catastrophe losses for the second quarter months of
April and May 2016 now total $835mn, pre-tax.
Allstate reported an earnings outperformance for Q1 this year,
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